One year after the China-ASEAN Free Trade Agreement was established to benefit a market of 1.9 billion people, East Asian officials and scholars have begun to ponder the ways to integrate the economy of an even larger market. The East Asia Free Trade Agreement (EAFTA), originally proposed by academia as a must to reduce the region's excess dependence on ...
UAE's Ministry of Foreign Affairs and DP World will host the anti-piracy maritime conference in Dubai on April 18-19 to address the damage to global trade estimated at US$12 billion. The two-day event, entitled "Global Threat, Regional Responses: Forging A Common Approach to Maritime Piracy", will look at international law, causes of piracy, analysis and...
With inflation in China staying at steadily high levels over the past months, complaints surfaced in the west that China's reckless monetary expansion and rising labor costs pushed up inflation which could spill over to the rest of the world. Beijing-based economists, however, said that some people in the west distorted and misread China's economy, and ...
Chicago soybeans further hiked on Wednesday, as market concerned that rain in parts of Brazil may delay the harvest and cause flooding, hurting the crop's quality. Wheat also inched up, but corn lost ground as weekly ethanol production dropped. The most active corn contract for May delivery closed at 7.215 U.S. dollars per bushel, down 14 U.S. cents, or ...
Australian Prime Minister Julia Gillard on Thursday said the federal government plans to sign a free trade agreement (FTA) with Malaysia within a year. Malaysian Prime Minister Najib Razak arrived in Canberra for a three-day official visit. This is his first visit to Australia since becoming prime minister. Australia and Malaysia launched negotiations o...
China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan (3.51 trillion U.S. dollars) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the central bank, on Wednesday. This meant that the central bank bought 501.65 billion yuan worth of foreign exchan...
The Chile-Turkey Free Trade Agreement (FTA) became effective Tuesday, with 98 percent of bilateral trade now tax-free and the rest to follow suit within six years. It is Chile's 21st valid trade agreement described as a win-win deal, under which the South American country hopes to gain greater access to the vast markets of oil-rich Middle East and Centra...
China's direct investment to Association of South East Asian Nations (ASEAN) countries stood around 2.57 billion U.S. dollars since the China-ASEAN Free Trade Area came into force one year ago, said an official with China's Ministry of Commerce (MOC) here on Wednesday. Over the past year, tariffs on trade between China and ASEAN countries have been shar...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
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